Basra Investment Commission Grants 12 Licences in 2010

The Chairman of Basra Investment Commission said that the commission had granted 12 new investment licenses during 2010, which is the same number of projects licensed in 2009.

Haidar Ali showed that the value of housing projects exceeded $500 million [600 billion Iraqi dinars], while the value of industrial projects was more than $245 million. There were also smaller projects.

The statement does not say whether the total value of investments rose or fell in 2010.